Economics

Research Paper: Franchise Valuation Each year, Forbes publishes lists with the valuations for sports Description Research Paper: Franchise Valuation Each year, Forbes publishes lists with the valuations for sports franchises and reviews of the businesses of the main professional sports leagues in North America. For this assignment, complete a review of the determinants of franchise valuation. In a narrative format, using the most current Forbes ( Analysis of the economic determinants of professi...

Consider Kremers 0-ring model. There are 4 workers in this economy , Jack , Fred, Melbaand Daphne. Suppose that there are two firms and each firm hires only two workers ,each workers , each of whom has skill level equal to q (q is assumed to lie between 0 and 1, with 1 being the highest skill level. Two of the workers (Jack and Melba) are highly skilled ( q=0.9) ; the other two ( Fred and Daphne) are less skilled ( q=0.3). Output is given by the product of the q-levels for example firm 1 might ...

a) This is done in panels (a) through (c) of Figure 2. Panel (a) illustrates the producer choice set. Panel (b) inverts this, flipping the axes so that x is on the horizontal and l on the vertical. Finally, (c) is derived from (b) by simply multiplying labor input by w to convert the labor input needs of production into the dollar needs for production. (b) This is done in panel (d) where the MC curve is simply plotting the slope of the cost curve and the average cost curve is simply the total c...

Question---1).Why is the depreciation of capital good a cost of society? In what ways does a person's health depreciate? 2).Why might older people's health care expenditures increase in the Grossman model even though their desired health stocks may be lower? 3). List at least three factors that might increase an individual's marginal efficiency of investment in health capital. 4). The deductible feature of an insurance policy can affect the impact of moral hazard. Explain this in the co...

Economist at the Wilson Company are interested in developing a production function for fertilizer plants. They collected data on 15 different plants that produce fertilizer. 1. Estimate the Cobb-Douglas production Q=αLβ1Kβ2, where Q=output; L=Labor input; K=capital input; and α,β1, and β2 are the parameters to be estimated. 2. Test whether the coefficients of capital and labor are statistically significant 3. Determine the percentage of the variation in output that is explained by the reg...

Consider the following behavioral equations: C=c0 c1YD T=t0 t1Y YD = Y - T G and I are both constant. Assume that t1 is between 0 and 1. a. Solve for equilibrium output Y=C I G = C0 C1YD I G=C0 C1YD I G = C0 C1(Y-T) I G= C0 C1Y-C1T I G = C0 C1(t0 t1Y) I G= C0 C1t0 C1t1Y) I G => Y=(C0-C1t0 I G)/1-C1 C1t1 C = 160 0.6YD I = 150 G = 150 T = 100 Solve for the following variables. a. Equilibrium GDP (Y) b. Disposable income (YD) c. Consumption spending (C) #3. Use the economy described in ...

Consider again the two ways in which we can view the producer’s profit maximization problem. A: Suppose a homothetic production technology involves two inputs, labor and capital, and that its producer choice set is fully convex. (a) Illustrate the production frontier in an isoquant graph with labor on the horizontal axis and capital on the vertical. b) Does this production process have increasing or decreasing returns to scale? How would you be able to see this on an isoquant graph like the o...

Below, we will investigate the profit maximizing choice in the two steps that first involve a strict focus on the cost side. Consider again (as in the previous exercise) a production process that gives rise to a strictly convex producer choice set. (a) Derive the cost curve from a picture of the production frontier. b) Derive the marginal and average cost curves from the cost curve. (c) Illustrate the supply curve on your graph. How does it change if the wage rate increases? (d) Now suppose t...

Duck Dynasty' and Quackery The personal–group discrepancy is a healthy social psychological phenomenon which figures that a distinctive will distinguish that the aggregation they have a place with experiences racism, Yet feel that he or she personally doesn't. It remains vague decisively what drives this phenomenon, Be that as there is proof that is settling on attributions to Prejudice could a chance to be frightful Furthermore socially disadvantageous alternately unreasonable. This hesitan...